Options Corner: BABA Breakout
Description
A "very sharp rally" as shares of Alibaba (BABA) have been "straight up" since the summer, says Rick Ducat. He swings by Morning Movers to examine the technical conditions for China's e-commerce giant. Shares of BABA are near 4-year highs as the stock receives an upgrade from Erste Group to Buy from Hold. Later, Tom White examines an example options strategy using a short put vertical. He explains the neutral to bullish positioning in the BABA trade.
======== Schwab Network ========
Empowering every investor and trader, every market day.
Subscribe to the Market Minute newsletter - https://schwabnetwork.com/subscribe
Download the iOS app - https://apps.apple.com/us/app/schwab-network/id1460719185
Download the Amazon Fire Tv App - https://www.amazon.com/TD-Ameritrade-Network/dp/B07KRD76C7
Watch on Sling - https://watch.sling.com/1/asset/191928615bd8d47686f94682aefaa007/watch
Watch on Vizio - https://www.vizio.com/en/watchfreeplus-explore
Watch on DistroTV - https://www.distro.tv/live/schwab-network/
Follow us on X – / schwabnetwork
Follow us on Facebook – / schwabnetwork
Follow us on LinkedIn - / schwab-network
About Schwab Network - https://schwabnetwork.com/about